ForeclosureRadar 2.0 launches with ramped-up foreclosure tools for professional investors and REALTORS®

ForeclosureRadar 2.0 launches with ramped-up foreclosure tools for professional investors and REALTORS®
New features and partnerships with Lane Guide and Mortgage Resolution Services help users navigate the foreclosure market

Discovery Bay, October 21, 2008 - which provides accurate, up-to-date information on the California foreclosure market, including auctions, today launched version 2.0 of its online foreclosure platform. ForeclosureRadar 2.0 includes a host of new features and content aimed at helping professional real estate investors and REALTORS® make more informed decisions at every stage of the foreclosure process.

In conjunction with the new release of ForeclosureRadar 2.0, the company announced two new content partners, Lane Guide (www.laneguide.com), which provides detailed contact information for lenders, including REO departments, and Mortgage Resolution Services (www.mresolution.com), which provides detailed information and ratings on bank and lender short-sale processes. These two partnerships allow investors and REALTORS® to dramatically increase the speed with which they can assess short sale and REO opportunities.

"Easy access to accurate information can mean the difference between a successful transaction and a missed opportunity," said Sean O'Toole, Founder and CEO of ForeclosureRadar. "Our new release adds practical tools to the serious investor or REALTOR's belt in a time when the foreclosure market continues to heat up."

"Having detailed information on how banks handle short sales - or don't handle them, in some cases - is a win for all parties involved in these transactions, where obstacles seem to appear at every turn," said Scott Thompson, Senior Vice President of Mortgage Resolution Services. "We're excited to be able to offer this intelligence to ForeclosureRadar subscribers."

Mortgage Resolution Services assists homeowners, agents, brokers, and mortgage lenders in working through delinquent and "at risk" mortgages. The company and ForeclosureRadar have collaborated to develop a "Short Sale Report" available at foreclosuretruth.com/shortsale. ForeclosureRadar subscribers can leverage this information when searching for foreclosures by lender - a search option no other company offers - to focus only on those lenders that are easy to work with and avoid those that are not.

Lane Guide's database of lender contact information will be available to ForeclosureRadar 2.0 subscribers as an optional upgrade. Lane Guide's CEO, Richard Lane, said, "Often something as simple as contact information is the missing link to a successful transaction, and our up-to-date database can make a difference for professionals who need to reach the right person at the right time."

ForeclosureRadar 2.0 leaves the simple foreclosure lists of the past far behind. As part of a ForeclosureRadar subscription, investors and REALTORS

get powerful search tools, daily auction updates, enhanced financial analysis, and a variety of report options.

With ForeclosureRadar's latest enhancements, investors can determine the resale or rental return on investment prior to purchase, and REALTORS® can generate a net sheet for clients in a foreclosure transaction.

ForeclosureRadar 2.0 enhances search

ForeclosureRadar has doubled its search capabilities in the 2.0 release, enabling even more options for users to find what they are looking for online. The company also added the ability to email reports on properties so that partners, clients and prospective clients can get the details they need in order to make sound investment decisions.

Additional new features in the ForeclosureRadar 2.0 platform include:

  • Foreclosure Comp Reports: Quickly generate a report that shows nearby foreclosure activity by foreclosure stage.

  • Customized display: Choose the results you want to see and change the layout to best suit the way you work. See map and listing views simultaneously and resize the display to take advantage of large computer monitors.

  • Enhanced printing: Easily print maps, lists, auction schedules, foreclosure comps, routes and property details.

  • Optimized driving directions: Save time planning foreclosure tours with the new optimized routing.

ForeclosureRadar is available to REALTORS® and investors on a monthly subscription basis. For a free three-day trial and more information on pricing and features, visit http://forelosureradar.com.